GOLISANO SKILLED TRADES TRAINING CENTER INC (EIN 843876038) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2019

Legal Domicile

Principal Officer

B THOMAS GOLISANO

Phone

5853401200

Tax Period

2024-01-01 to 2024-12-31

GOLISANO SKILLED TRADES TRAINING CENTER INC, founded in 2019, is a small nonprofit in the Employment sector that reported $325K in total revenue in fiscal year 2024. Revenue surged 30% from the prior year, signaling strong growth momentum. Expenses of $509K exceeded revenue, resulting in a 57% operating deficit.

Mission

TO PROVIDE TRAINING AND GUIDANCE IN THE SKILLED MANUFACTURING TRADES FOR NONSKILLED PERSONS WHO ARE UNABLE TO FIND EMPLOYMENT OR CANNOT ADVANCE FROM POORLY PAID EMPLOYMENT DUE TO INADEQUATE TRAINING OR SKILLS, THEREBY REDUCING UNEMPLOYMENT AND UNDEREMPLOYMENT, BENEFITING THE COMMUNITY AND REDUCING THE BURDENS OF GOVERNMENT.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $325,000

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $325,000

Expense Breakdown

Grants Paid $507,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $507,000

Other Expenses $2,199

TOTAL EXPENSES $509,199

Year-over-Year Comparison

	2024	2023	Change
Revenue	$325,000	$250,000	+0.3%
Expenses	$509,199	$470,209	+0.1%
Net Income	$-184,199	$-220,209	-0.2%

Key Indicators

✗ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

N/A

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
B THOMAS GOLISANO	President	1.00	Director	$0	$0	$0
MATTHEW A RAY	Treasurer	1.00	Director	$0	$0	$0
DAVID P BOVENZI	Secretary	1.00	Director	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2025	No data	No data	No data	No data
2024	$325,000	$509,199	$63,162	$-184,199
2023	$250,000	$470,209	$247,361	$-220,209
2022	$600,000	$411,729	$467,570	$188,271
2021	$425,000	$397,526	$279,299	$27,474
2020	$400,000	$248,175	$251,825	$151,825

GOLISANO SKILLED TRADES TRAINING CENTER INC